Job Description
The role is responsible for carrying out all the activities related to Credit Administration function in Kuwait
Duties and Responsibilities
Your main responsibilities in this role include the following:
Maintaining credit facility files with all the relevant documents received from the Coverage teams, scanning of facility documentation before recording them in the vault for safe custody.
Preparing/Reviewing Facility Offer Letter, security/support related documentation in compliance with sanctioned credit approvals.
Ensuring all security/support documents have been properly executed, signatures are verified and authenticities of the signatories are supported by resolution/POA.
Coordinating with CAD-International team in Head Office/Product Specialists/Coverage and Credit Teams as and when required in order to complete the documentation process/limit release in the Bank’s Systems.
Ensuring approval from relevant authorities is held for deferrals/waiver of any incomplete documents.
Ensuring rectification of existing discrepancies/deficiencies (if any) in documentation.
Preparing and circulating documentation deficiency (expired/deferred documents) reports and following up for its timely submission /renewal.
Encoding Lodgement of documents and updation of collateral data in the Bank’s system.
Verifying and confirming periodically at the time of renewal/review of credit limits that all required security/support documents are physically held in safe custody and periodic clean-up of old and obsolete facility/security documents upon settlement.
Reviewing/verifying approvals requested for permanent release of collaterals, security documentation and ensuring that there are no liabilities or outstanding and facilities are cancelled from the system.
Encoding and releasing of credit limits and ensuring accurate detailing before inputting the same into the Bank’s system.
Maintaining accuracy with regards to application of interest rates, commission, charges and various types of fee.
Processing day-to-day transactions – Loan Draw Downs, Processing Tickets, Progress Payment Certificate discounting and dropping and adjusting overdraft against shares as per daily shares valuation report.
Carrying out monthly activities such as review of limits in GLCMS and Core Banking System (CBS). Preparing instructions for provisioning of accounts, customer grade changes, suspension of interest changes and passing write-off entries.
Preparing instructions for Loan Centre for processing Loan Draw Downs, repayment changes, loan settlements and recovery of various Fees & Income e.g. Management Fees, Commitment Fees, Processing Fees etc.
Preparing instructions for Operations for releasing excess margin held against facilities as per approval.
Preparing various types of letters.
Encoding up to date interest rates codes in the Bank’s system.
Preparing Monthly Activity Report on rotation illustrating the total volume of transactions processed by the department in each month.
Preparing and disseminating reports relating to collateral, documentation deficiencies and any other associated reports.
Preparing and analysing various reports requested by the Unit Head/HoCAD/Senior Management.
Preparing accurate and timely internal and regulatory reporting.
Ensuring completion of mandatory training requested by the Bank from time to time.
Job Requirements
Bachelors Degree in Commerce / Finance. 3-5years’ experience in Corporate Banking with at least 3 years experience in the Corporate CAD function.
Good knowledge of English language (both written and spoken)
Very good knowledge of Banking Products / Corporate Credit Administration functions.
Good knowledge of Bank's Core Banking System and any other associated systems.
Knowledge and use of banking software systems, basic PC skills and MS Office.
Very good knowledge of Kuwait legal environment, Central Bank of Kuwait regulations.
Good Analytical Skills.
Job Details
Company: First Abu Dhabi Bank - FAB
Employment Type: Full-time
Job Location: Kuwait City, Kuwait
